The best Capital One credit cards of 2020
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Capital One has been on an upward trend ever since it added the ability to transfer miles earned on the Spark and Venture card families to airline partners. We’ve seen Capital One launch several limited-time transfer bonuses and expand its travel partner options. Now is a great time to take a closer look at Capital One’s best cards.
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Best Capital One credit cards of 2020
- Capital One Venture Rewards Credit Card: Best for travel rewards
- Capital One Spark Miles for Business: Best for business travel
- Capital One Spark Cash for Business: Best for flat-rate business spending
- Capital One Savor Cash Rewards Credit Card: Best for dining and entertainment
- Capital One Quicksilver Cash Rewards Credit Card: Best for flat-rate cash back
The information for the Capital One Spark Miles and Capital One Savor cards has been collected independently by The Points Guy. The card details on this page have not been reviewed or provided by the card issuer.
Today we’ll take a look at some of the best Capital One credit cards, including those underrated credit cards that don’t always get the attention they deserve. Note that all of the cards on this list also have no-annual-fee versions — such as the Capital One VentureOne Rewards Credit Card and the Capital One SavorOne Cash Rewards Credit Card. These cards have fewer perks and lower earning rates. But Capital One’s top cards offer significant value and have modest annual fees, so we’ll focus on the big leagues here.
Comparison of the best Capital One credit cards of 2020
|Credit Card||Best For||Sign-up Bonus||Annual Fee|
|Capital One Venture Rewards Card||Travel rewards||For a limited time, earn 100,000 bonus miles after you spend $20,000 on purchases within the first 12 months from account opening (Offer ends 12/14/2020). Or still earn 50,000 bonus miles after you spend $3,000 on purchases within the first three months of account opening.||$95|
|Spark Miles from Capital One||Business travel||50,000 bonus miles after you spend $4,500 on purchases in the first three months of account opening||$95 (waived the first year)|
|Spark Cash from Capital One||Flat-rate business spending||$500 cash bonus after you spend $4,500 on purchases in the first three months of account opening||$95 (waived the first year)|
|Savor Rewards from Capital One||Dining and entertainment||$300 cash bonus after you spend $3,000 on purchases in the first three months of account opening||$95|
|Quicksilver from Capital One||Flat-rate cash back||$200 cash bonus after you spend $500 on purchases in the first three months of account opening||$0|
How do these five cards help you maximize your points, miles, and cash back on spend? Here’s a rundown of the major card benefits:
Best Capital One credit cards
Annual fee: $95
Sign-up bonus: Earn 100,000 bonus miles after you spend $20,000 on purchases within the first 12 months from account opening. Or still earn 50,000 bonus miles after you spend $3,000 on purchases within the first three months of account opening.
Rewards: 5x miles on hotels and rental cars booked and paid with the card on the Capital One Travel portal and 2x miles per dollar spent on all purchases (plus some temporary bonus categories).
Benefits: The Capital One Venture Rewards Card first earned its place by offering a consistent 2x miles on all purchases and a simple fixed-value redemption structure. Its transfer partners and additional bonus categories put it in a league of its own. Miles transfer at a 2:1.5 ratio to the majority of Capital One’s airline partners, effectively giving the card an earning rate of 1.5x partner miles or points per dollar spent on 2x purchases.
Flexibility is one of the most valuable elements of a good points strategy, and the Venture card delivers loads of it by allowing you to decide on a case-by-case basis whether to use it as a fixed-value or transferable-points card. The card offers a Global Entry/TSA PreCheck application fee credit (up to $100) every four years. There are also temporary benefits to help cardholders utilize the card during the pandemic — including added redemption options and 5x on Uber Eats purchases.
Further Reading: Capital One Venture Rewards Card review
Annual fee: $95, waived the first year
Sign-up bonus: Earn 50,000 bonus miles after you spend $4,500 in the first three months.
Rewards: Earn 5x miles on hotels and rental cars booked and paid with the card through Capital One Travel; 2x miles on all other purchases.
Benefits: The Spark Miles from Capital One is a business credit card that gives you access to the same great airline and hotel transfer partners as the Venture family of cards. Businesses can enjoy free employee cards and no foreign transaction fees. You also get up to $100 in credit for Global Entry or TSA PreCheck enrollment fees every four years, along with rental collision coverage and emergency travel assistance.
Like the Venture, the Capital One Spark Miles also added new fixed-rate redemption options that you can utilize through Sept. 30.
Further Reading: Capital One Spark Miles for Business card review
Sign-up bonus: Earn $500 after you spend $4,500 in the first three months.
Rewards: Earn cash back at a fixed 2% rate.
Benefits: Even if your business prefers cash back over travel rewards, you can still get great value out of your credit card usage. The Spark Cash from Capital One is similar to the Spark Miles card; the main difference is that this business credit card earns cash back instead of transferable miles. That saves you the trouble of having to identify travel purchases made in the last 90 days to redeem your miles for a statement credit. Instead, you’ll easily get cash in your pocket. Just remember you’re unable to transfer rewards to Capital One’s airline and hotel partners with this card.
Annual fee: $95, waived the first year
Further Reading: Spark Cash from Capital One card review
Annual fee: $95
Sign-up bonus: $300 after you spend $3,000 on purchases in the first three months.
Rewards: The card earns 4% back on dining and entertainment, 2% back at grocery stores and 1% on everything else.
Benefits: The Savor Rewards from Capital One is a pure cash-back card that aims to compete on its earning rates, not on perks and benefits. There are credit cards out there with more valuable individual bonus categories, but if you’re looking for a no-frills, no-nonsense card with multiple solid bonus categories all in one package, the Savor is a great choice to consider. Just make sure you’re getting more than $95 worth of cash back from it year after year — otherwise, you might want to consider the no annual fee Capital One SavorOne Cash Rewards Credit Card instead. With its solid earning rates for dining and entertainment spending, the Capital One Savor Rewards card earns a spot as one of our picks for the best cash back credit cards.
Further Reading: Savor Rewards from Capital One card review
Annual fee: $0
Sign-up bonus: $200 after you spend $500 on purchases in the first three months of account opening
Rewards: Earn a fixed and unlimited 1.5% cash back on all purchases.
Benefits: The Quicksilver from Capital One is about as simplified as you can get, so for people who don’t want to spend time learning award charts and maxing out transfer bonuses, it can be a decent option. Its rewards are not the best rate on the market, but are passable, especially for a no-annual-fee card. While the sign-up bonus isn’t massive, the spending requirement is low. That said, if you’re in the market for a no-annual-fee cash back card like this, you’d likely be better off picking the Citi® Double Cash Card instead. There’s also the Capital One QuicksilverOne Cash Rewards Credit Card, but it comes with a $39 annual fee.
The information for the Capital One QuicksilverOne card has been collected independently by The Points Guy. The card details on this page have not been reviewed or provided by the card issuer.
Further Reading: Capital One Quicksilver Cash Rewards card review
How we chose the best Capital One Credit Cards
While these aren’t the only Capital One credit cards on the market, these are the ones we’ve identified as the most beneficial for our readers. We looked at the rewards rates offered on each card, any additional perks, ease of the redemption process and the sign-up bonuses that came with each to narrow the larger list to these group of five cards.
Of course, Capital One’s other cards each have their own benefits. For example, most of the cards on this list also have a no-annual-fee version. Those cards tend to be better for beginners or those who don’t spend enough annually to justify an annual fee.
Main benefits of Capital One credit cards
Capital One made its Venture and Sparks Miles cards more valuable when it added the ability for cardholders to transfer miles to travel partners at a 2:1.5 – 2:1 ratio.
The flat miles and cash back earned on Capital One Venture, Miles and Quicksilver cards makes things simple for cardholders, since you don’t have to worry about remembering which spending categories offer higher rewards. If you spend regularly on dining and entertainment, the 4% cash back on the Savor card is a good deal. And, if you don’t want to pay an annual fee and prefer a fixed earning rate, the Quicksilver is a reasonable choice.
Plus, none of these cards charge foreign transaction fees.
How many Capital One cards can you have?
There is a limit of two Capital One credit cards per person. However, the Secured Mastercard® from Capital One and Capital One’s co-branded cards are not included in the limit.
How to redeem Capital One rewards
Redemptions on all the cards is pretty simple. You can redeem your Savor, Spark Cash or Quicksilver cash back as a check, set up automatic redemptions at a set time or at specific cash thresholds or redeem it for statement credits or gift cards.
With the Venture or Spark Miles, you can use the receive a statement credit for the cost of travel booked with either card. You can also go to capitalone.com or call the Capital One Rewards Center to book a flight, car rental or hotel and use your miles to pay for them. Or, you can transfer your miles to airline or hotel partners in increments of 1,000 Capital One miles and then use the partner program to book a hotel stay or flight.
While premium credit cards are all the rage these days, $400 -$500+ annual fees aren’t right for everyone. Capital One has taken a different approach. None of these cards offer a lengthy, exhausting list of perks that you may or may not remember to use. None of them cost more than $100 a year to carry and some are annual-fee-free for the first year.
Capital One has focused on providing a good value proposition in terms of earning and redeeming, instead of complicating things with flashy and expensive perks. Whether you’re an individual or a business, and whether you are looking for miles or cash back, Capital One has a card that can help you achieve your travel goals.
Related rewards card guides
- To transfer or not to transfer: What to do with Capital One miles
- How to redeem Capital One miles at a fixed value
- These are the Capital One credit cards that earn transferable miles
- Best ways to maximize Capital One miles
- Best ways to redeem Capital One miles for domestic flights, Oneworld airlines, SkyTeam airlines and Star Alliance airlines
- Best travel credit cards
- Best rewards credit cards
- Best cash-back credit cards
Additional reporting by Madison Blancaflor
Featured photo by The Points Guy.
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